is a railway station in the city of Toyota, Aichi, Japan, operated by Meitetsu.
Wakabayashi Station is served by the Meitetsu Mikawa Line and is from the terminus of the line at Chiryà « Station.
The station has a single island platform connected to the station building by a level crossing. The station has automated ticket machines, Manaca automated turnstiles and is unattended.
Wakabayashi Station was opened on July 5, 1920, as a station on the privately owned Mikawa Railway. The Mikawa Railway was merged with Meitetsu on 1 June, 1941.
In 2021, Meitetsu began construction on a replacement station building, including the relocation of of track around the station onto an elevated guideway. The new elevated station is scheduled to begin operations on 28 March 2026.
In fiscal 2017, the station was used by an average of 6051 passengers daily (boarding passengers only).